Our hospital was sold!!!

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I'm still in shock! I've worked at our community hospital for 18 years and now we have been sold to another company (Lifepoint). The new owners are coming in tomorrow to tour and interview. Does anyone work for this company? How are they to work for? Any advice?? We're really scared they will downsize.

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Specializes in Specializes in L/D, newborn, GYN, LTC, Dialysis.

I wish you well. Never heard of that company. I hope this does not spell trouble for you and your coworkers.

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Lifepoint is a spinoff of HCA - automatically makes them for-profit (look for them on the stock ticker - LPNT) and changes the way they run things. I hope things work out for you. Healthcare is going to h*ll right before our eyes, it seems...

Here is the Lifepoint Hospitals Corporate Overview

http://www.corporate-ir.net/ireye/ir_site.zhtml?ticker=lpnt&script=100

and their home page

http://www.lifepointhospitals.com/

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Remember that this company will want to make their stockholders happier than they make you. :o

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Remember that this company will want to make their stockholders happier than they make you. :o

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Community hospitals can't seem to compete anymore and can't get reimbursements like the corporate giants. Its almost like a monopoly in healthcare today...with HCA, Tenet and other conglomerates squeezing out the 'little guys' more and more.

And sometimes these facilities can maintain their small hospital appeal after going corporate, sometimes not. Personally, I've watched HCA buy many of my local hospitals and although I'm sure they make their stockholders happy, like Randy said, they mandated lots of changes and our jobs got even harder.

Some hospitals got too much in the red before trying to sell; they couldn't interest the big guys and just went under. The Osteopathic hospital in my town just closed for this reason and it was very sudden and very sad.

Hope Lifepoint is good for your facility and that they don't make things too tough on the nurses. Change is always difficult in these situations I know.

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Community hospitals can't seem to compete anymore and can't get reimbursements like the corporate giants. Its almost like a monopoly in healthcare today...with HCA, Tenet and other conglomerates squeezing out the 'little guys' more and more.

And sometimes these facilities can maintain their small hospital appeal after going corporate, sometimes not. Personally, I've watched HCA buy many of my local hospitals and although I'm sure they make their stockholders happy, like Randy said, they mandated lots of changes and our jobs got even harder.

Some hospitals got too much in the red before trying to sell; they couldn't interest the big guys and just went under. The Osteopathic hospital in my town just closed for this reason and it was very sudden and very sad.

Hope Lifepoint is good for your facility and that they don't make things too tough on the nurses. Change is always difficult in these situations I know.

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Specializes in Government.

Kim, my advice is to make sure you have all your pension/401K papers in order and pay very close attention to any announcement about benefits. You need to be your own advocate.

When my hospital sold about 10 years ago, I got a check for the amount in my pension. I rolled it over right away but the amount seemed all wrong. I called and called and got stonewalled. I kept documenting and sending letters to the new and old companies. Finally, 5 years later, they did an audit and found that I was correct. I got an additional 5K because I was able to produce the docuentation. My former co-workers got nothing.

When a hospital is sold, no one is looking out for your interest. Vacation, sick time, difs, benefits...it can all change overnight. Be vigilant!

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Specializes in Government.

Kim, my advice is to make sure you have all your pension/401K papers in order and pay very close attention to any announcement about benefits. You need to be your own advocate.

When my hospital sold about 10 years ago, I got a check for the amount in my pension. I rolled it over right away but the amount seemed all wrong. I called and called and got stonewalled. I kept documenting and sending letters to the new and old companies. Finally, 5 years later, they did an audit and found that I was correct. I got an additional 5K because I was able to produce the docuentation. My former co-workers got nothing.

When a hospital is sold, no one is looking out for your interest. Vacation, sick time, difs, benefits...it can all change overnight. Be vigilant!

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